Jim Cramer on Chipotle: “It’s Just Gotten A Lot More Expensive”
Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer shared his views on. Cramer discussed the stock in detail during the episode, as he said:
“Everything’s changed since COVID, but we just keep acting like it hasn’t. We always seem surprised when we hear that higher prices are hurting demand and a company isn’t doing that well. That’s how I felt about the plummeting price of Chipotle stock. I was checking it out after talking with Brian Niccol, the current CEO of Starbucks, who came over from Chipotle about a year ago. When Brian left, the stock was at 56. The S&P 500 was at 5,648. Now the stock’s at 43 and change. Well, the S&P’s at 6,362. Well, what’s happened here? It’s not the in-store experience. Chipotle’s the same place it was always. It’s just gotten a lot more expensive…
Susan Law Cain / Shutterstock.com
Chipotle (NYSE:CMG) operates fast-casual restaurants serving customizable Mexican-inspired meals, including burritos, bowls, tacos, and salads.
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Disclosure: None. This article is originally published at Insider Monkey.
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